Changes in Hong Kong stocks | First Tractor Shares (00038) rose more than 6%, and net profit for the third quarter in a single quarter increased 20% year-on-year

The Zhitong Finance App learned that First Tractor Stock (00038) was higher after the results. As of press release, it had risen 6.59% to HK$7.525, with a turnover of HK$1.032,700.

According to the news, the 2026 three-quarter report disclosed by First Tractor Co., Ltd. last night showed that the main revenue for the first three quarters was 11.05 billion yuan, up 13.89% year on year; net profit to mother was 1,053 billion yuan, up 5.87% year on year; after deducting non-net profit of 1,111 billion yuan, up 22.07% year on year. Looking at the third quarter alone, the company achieved main revenue of 3.164 billion yuan, up 14.01% year on year; net profit to mother was 270 million yuan, up 20.05% year on year. The company plans to hold a third quarter results briefing on November 5.

Orient Securities previously stated that China's agricultural machinery exports have continued to grow since this year. We have observed an increase in the average price of exports, reflecting the large-scale development of agricultural machinery driven by the sea. As overseas demand continues to pick up, we expect that the trend of large-scale domestic agricultural machinery will continue, and the boom of industry leaders is expected to continue, bringing investment opportunities.